DSEX jumps 371 points

DHAKA, Country’s premier bourse, Dhaka Stock

Exchange (DSE) bounced back today buoyed by emergency crisis response effort

from capital market regulator.

The broad index, DSEX closed at 3974.96 points on Thursday, last working

day of week, with a sharp jump of 371.01 points or 10.29 percent in a 30

minutes trading session due to circuit breaker system.

Besides, two selective indices, Blue Chip index, DSE30 and Shariah

index, DSES also went up by 122.37 points and 84.65 points to settle at

1325.81 points and 919.43 points respectively.

At DSE, trading started at 2:00pm, a three hours delay, and continued

until 2:30pm due to setting emergency circuit breaks on stocks by Bangladesh

Securities and Exchange Commission (BSEC).

According to new circuit breaker, opening price of any listed security

will be set at the average of the closing price of immediately preceding five

trading days of March 19, 2020.

This average price calculated for each security would be considered as

the floor price and the lowest limit of the circuit breaker.

Upper limit of the circuit breaker and other conditions will remain

unchanged. This order effected from today and will remain in force until

further order, according to a BSEC circular.

Market turnover, another crucial indicator, stood at Taka 4.91 billion,

which was higher over previous day’s mark of Taka 4.29 billion.

On the DSE trading floor, a total number of 6,372 trades were executed

in today’s trading session with a trading volume of 125.49 million

securities.

Gainers took a strong lead over gainers as out of 352 issues traded, 141

securities gained price while 49 declined and 152 remained unchanged.

The market-cap of the DSE also rose to Taka 3,107 billion, from Taka

2,873 billion in the previous session.

The top ten gainers were Hakkani Pulp, GQ Ball Pen, Global Heavy

Chemical, Metro Spinning, SS Steel, Progressive Life Insurance, Central

Pharma, Rupali Life Insurance and Samata Leather.

Monno Ceramic topped the turnover chart followed by Uttara Bank, Square

Pharma, National Bank, Mercantile Bank, Aziz Pipes, Paramount Insurance,

Continental Insurance, Linde BD and International Leasing.

The top 10 losers were BIFC, Exim Bank First Mutual Fund, Delta

Spinners, International Leasing, PHP First Mutual Fund and FAS Finance.

On the other hand, port city bourse, Chittagong Stock Exchange (CSE) also

closed at red extending the bearish streak of previous day.

CSCX and CASPI declined by 105.10 points and 170.28 points to stand at

6641.32 points and 10963.40 points respectively.

At CSE, a total of 900,464 shares and mutual fund of 85 companies were

traded of which 15 issues advanced while 59 declined and 11 issues remained

unchanged.

Source: Bangladesh Sangbad Sangstha (BSS)